The global IVF services market was valued at $10,531.0 million in 2017 and is expected to reach $23,242.2 million by 2025, registering a CAGR of 10.57% from 2018 to 2025. Infertility is a problem affecting over 10% of couples globally. It leads to psychological stress, depression, social isolation, and low-quality life. Various treatment options are available today which are relatively simple, affordable, effective, and promising. Some of the procedures include increasing the number of eggs/sperms or bringing them together externally, thus improving the chances of pregnancy. These medical procedures are called assisted reproductive technologies (ART) and include in vitro fertilization (IVF). IVF refers to the procedure where an egg and sperm are fertilized outside the body to develop an embryo. The embryo is then placed inside a female's uterus for successful implantation and pregnancy to take place. IVF was initially discovered for women with blocked or missing fallopian tubes and is still in use today for the same reasons. It is also used when women have problems with ovulation, fibroids, polycystic ovarian syndrome, endometriosis, and cervical issues or when the reasons for infertility are unclear. IVF used to be performed in test tubes in the past, but these days the technique is performed in a plastic dish.

MARKET DRIVERS AND RESTRAINTS

The report includes the drivers and restraints affecting the growth of the IVF services market. The industry is witnessing a swift growth in the recent years which is supported by the rise in incidence of infertility cases, growing investment for the advancement of healthcare sector by governments, the emergence of new destinations for fertility tourism, the growth in advertising and marketing of medical facilities to promote IVF services, and the growing trend of delayed pregnancies, single parent system, and same-sex parent system. Nonetheless, the high cost of IVF techniques, less knowledge about IVF in the underdeveloped economies, stringent government regulations associated with such services, and the ethical concerns in some countries related to IVF impede the growth of the industry.